Intact Financial (IFC) to Release Quarterly Earnings on Tuesday

Intact Financial (TSE:IFC - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of C$0.36 per share for the quarter.

Intact Financial (TSE:IFC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$4.86 EPS for the quarter, topping the consensus estimate of C$3.61 by C$1.25. Intact Financial had a net margin of 7.14% and a return on equity of 12.93%. The company had revenue of C$7.07 billion during the quarter, compared to analysts' expectations of C$7.64 billion.

Intact Financial Trading Up 0.3 %

TSE IFC traded up C$0.89 during trading hours on Tuesday, hitting C$270.47. The company's stock had a trading volume of 367,458 shares, compared to its average volume of 287,182. The stock has a fifty day moving average of C$258.13 and a 200 day moving average of C$241.30. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 31.26. Intact Financial has a twelve month low of C$190.49 and a twelve month high of C$271.81. The firm has a market capitalization of C$48.24 billion, a P/E ratio of 23.81, a PEG ratio of 2.01 and a beta of 0.57.

Insider Activity at Intact Financial

In related news, Senior Officer Darren Christopher Godfrey sold 2,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of C$255.00, for a total transaction of C$510,000.00. 0.24% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IFC has been the topic of several recent research reports. National Bankshares raised their price target on Intact Financial from C$260.00 to C$265.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Jefferies Financial Group dropped their price target on Intact Financial from C$264.00 to C$262.00 and set a "hold" rating on the stock in a research report on Thursday, August 22nd. Raymond James decreased their price objective on Intact Financial from C$269.00 to C$264.00 in a research report on Thursday, October 10th. Scotiabank dropped their target price on shares of Intact Financial from C$272.00 to C$263.00 and set an "outperform" rating on the stock in a report on Thursday, August 22nd. Finally, CIBC increased their price objective on shares of Intact Financial from C$250.00 to C$270.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$265.00.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally. The company offers insurance, such as personal auto which provides coverage from accidents, third party liability, and physical damage; personal property which provides protection for homes and contents from risks, including fire, theft, vandalism, water damages, other damages, and personal liability; and commercial line and specialty line insurance which provides commercial auto, property, and liability coverages.